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May 24, 2022

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Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

Saudi Arabia’s Alwaleed to sell 16.87% of Kingdom Holding to PIF for $1.5 bln

Reuters
Saudi Arabian billionaire Prince Alwaleed bin Talal attends the investment conference in Riyadh, Saudi Arabia October 23, 2018. REUTERS/Faisal Al Nasser Register now for FREE unlimited access to Reuters.com Register DUBAI, May 22 (Reuters) – Saudi billionaire Prince Alwaleed bin Talal has signed an agreement with Saudi Arabia’s powerful sovereign......

Siemens Energy makes 4.1 billion euro bid for remaining Siemens Gamesa stake

Reuters
A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 21 (Reuters) – Siemens Energy (ENR1n.DE) on Saturday said it would offer......

Australia’s Woolworths offers to buy majority stake in MyDeal.com

Reuters
People walk past a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. REUTERS/Loren Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Australia’s Woolworths Group (WOW.AX) on Friday offered......

Musk says ‘Tesla is on my mind 24/7’ amid concerns about Twitter distraction

Reuters
SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter (TWTR.N) deal that has depressed stocks at the electric car company. Posting a picture showing a woman......

Euronav shareholders signal support for Frontline merger

Reuters
May 19 (Reuters) – Belgian oil tanker and storage operator Euronav (EUAV.BR) said on Thursday it had received “a clear signal” from shareholders in support of its proposed $4.2-billion merger with smaller Oslo-listed rival Frontline (FRO.OL). Since the announcement on April 7 of the planned merger, Euronav has clashed with......

Centennial, Colgate Energy combine to create $7 bln oil producer

Reuters
May 19 (Reuters) – Centennial Resource Development Inc (CDEV.O) and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused U.S. oil and gas producer. The deal comes when global crude prices have surged after sanctions on......

Kohl’s loses two senior executives as it looks for a buyer

Reuters
The sign outside a Kohl’s store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Kohl’s Corp (KSS.N) said on Wednesday two of its senior executives are stepping down from their roles, as the U.S. department......

Canon loses court challenge against EU fine over 2016 acquisition

Reuters
People are silhouetted against a display of the Canon brand logo at the CP+ camera and photo trade fair in Yokohama, Japan, February 25, 2016. REUTERS/Thomas Peter/Fies Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 18 (Reuters) – Japanese camera and printer maker Canon (7751.T) lost its......

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Reuters
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of......

Musk tells conference a lower price for Twitter might be appropriate

Reuters
May 16 (Reuters) – Elon Musk suggested that a lower price for Twitter Inc (TWTR.N) may be appropriate as he and CEO Parag Agrawal quarreled over the company’s estimates of spam accounts on Monday, according to an attendee at a private conference where Musk was speaking. Twitter shares extended losses......

JetBlue launches hostile takeover bid for Spirit Airlines

Reuters
May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc (SAVE.N), two weeks after the discount carrier rejected an offer from the larger rival. JetBlue, which in early April offered $33 per share, is locked in a takeover battle for......

Casino says it plans to sell renewable energy unit, shares up

Reuters
People walk past a Casino supermarket in Nice, France, January 31, 2022. REUTERS/Eric Gaillard/Files Register now for FREE unlimited access to Reuters.com Register PARIS, May 16 (Reuters) – French retailer Casino (CASP.PA) said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a......

Adani Group to acquire Holcim’s India business for $6.39 billion

Reuters
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – Holcim AG (HOLN.S) on Sunday said it signed a......

Do spam bots really comprise under 5% of Twitter users? Elon Musk wants to know

Reuters
May 13 (Reuters) – Since 2013, Twitter has downplayed the spread of fake accounts on its platform, holding that “false or spam” accounts make up less than 5% of its user base even as independent researchers said the number could be three times higher. That discrepancy could now affect the......

Golden Globes organizer mulls bid from interim CEO Boehly

Reuters
May 13 (Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes a week after a consortium led by the U.S. business tycoon clinched a $5.2 billion deal......

Canada antitrust watchdog open to deal on Rogers bid for Shaw

Reuters
A person walks near the Rogers Communications building in Toronto, Ontario, Canada on October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, May 13 (Reuters) – Canada’s competition bureau said on Friday that its decision to start litigation to block a C$20 billion ($15.5......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Crypto exchange FTX CEO reveals stake in trading app Robinhood

Reuters
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 12 (Reuters) – Samuel Bankman-Fried, the chief executive and founder of......

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